The gubermint will start sending out 1200 worthless $US dollars starting in May. Fantastic news. The money will be sent out 4 days earlier in order to stimulate the economy. Or so the MSM headlines tell me.
NEW YORK (CNNMoney.com) -- The federal government, eager to boost the flagging economy, will start distributing special stimulus payments Monday - four days earlier than expected. "Beginning Monday, the effects of the stimulus will begin to reach households," President Bush said Friday. "This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store."
So now the government is printing money in order to offset the high prices at the pump and grocery store? Did I just read that correctly?
The government is devaluing the dollar by printing too much money. This devaluation is causing food and gas prices to soar. So the way to combat this problem is to print more money. Wow. Absolutely wow. Someone please get Paul Volker on the phone ASAP.